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Soybean price surpasses the resistance – Analysis - 18-10-2023
Soybean price breached 1311.70 strongly to approach our first extended target at 1328.50, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, reminding you that our next target reaches 1348.30.
Therefore, the positive scenario will remain dominant in the upcoming sessions, supported by the EMA50, noting that it is important to hold above 1311.70 to achieve the suggested targets.
The expected trading range for today is between 1310.00 support and 1348.00 resistance.
The expected trend for today: Bullish
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Corn price leans on the channel’s support line – Analysis - 18-10-2023
Corn price leaned on the bullish channel’s support line that appears on the chart, starting today positively to move away from this level and heads towards resuming the expected bullish trend on the intraday and short-term basis, and we believe that the way is open to achieve our next main target at 509.50.
MoreThe USDCHF awaits more decline – Analysis - 18-10-2023
The USDCHF pair provided temporary positive trades yesterday, and returns to decline to approach our waited target at 0.8968, noting that we suggest breaking this level to achieve additional negative targets that reach 0.8890.
MoreThe NZDUSD gets a positive motive – Analysis - 18-10-2023
The NZDUSD pair faced negative pressure yesterday and attempted to break 0.5900 level, but it begins today positively to trade above this level, which keeps the bullish trend scenario active for the upcoming period, reminding you that our waited target is located at 0.6020.
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